441 Butternut St
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441 Butternut St
3,370 SF Office Building Abilene, TX 79602 $525,000 ($156/SF) 9% Cap Rate
Investment Highlights
- High traffic area
- In South Downtown Abilene
- Strong tenant lease in place
Executive Summary
Great investment. 2 Year lease in place for $5,600 per month. Downtown Abilene executive office building. 2 story. 7 Private offices, multiple cubicle workstations, Large conference room. Historical building, originally a fire station, Modern amenities and historical character. Parking for 15-20 vehicles. Security Foyer-reception area for added security and privacy. 3 Bathrooms. Break room area. Sqft. is 3,300.
Financial Summary (Pro forma - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro forma - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Property Type
Building Size
3,370 SF
Building Class
C
Year Built
1973
Price
$525,000
Price Per SF
$156
Cap Rate
9%
NOI
$47,250
Tenancy
Single
Building Height
1 Story
Typical Floor Size
3,370 SF
Building FAR
0.43
Lot Size
0.18 AC
Opportunity Zone
Yes
Zoning
CB - Commercial building/ office space.
Parking
15 Spaces (4.45 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Signage
- Kitchen
- Accent Lighting
- Central Heating
- Natural Light
- Air Conditioning
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PROPERTY TAXES
| Parcel Number | 35182 | Total Assessment | $233,000 |
| Land Assessment | $8,500 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $224,500 | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
35182
Land Assessment
$8,500
Improvements Assessment
$224,500
Total Assessment
$233,000
Annual Taxes
($1) ($0.00/SF)
Tax Year
2023
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441 Butternut St
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